Jerome Powell

TigerGrowls

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Dec 21, 2001
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So you admit that you were wrong as usual?
Chew on the 27B surplus losers.



June spending: $27 billion surplus
🔴Expectation: $50 billion deficit

🟢June wholesale prices: 0% inflation
🔴Expectation: 0.2% inflation

🟢June consumer price: 0.2% increase
🔴Expectation: 0.3% increase

🟢June industry production: 0.3% gain
🔴Expectation: 0.1% gain

Trump's economy continues its record of being consistently underestimated by all economic experts and metrics.
 

baltimorened

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May 29, 2001
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You can also make the case that these tariffs are increasing inflation and we haven't seen their full effect yet. I can't blame the Fed for being cautious.
I agree with your premise. And I concede that a rational person could look at all the data out there and come up with conclusions 180 degrees apart. Here's my point of view...first of all the 2% mandate was only "mandated" in 2012. The average rate over time has been 3.2% , and our economy has done pretty well during that "average" period.

Next Powell and fed governors have made careers out of the mantra that decisions are "data driven". OK, that makes sense. So far, the data is showing little inflation impact from tariffs, and FED actions are based on what the governors perceive as possible effects of tariffs in the future. That's far from being data driven.

Now, I look at the housing market. from econ 101 I remember "housing leads us into recession and housing leads us out of recessions". So look at housing market and it's not good. And that's a fact that's happening now, in no small way because of interest rates.

So the FED is making decisions on what might be instead of what is, and that doesn't make sense.
 
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fatpiggy

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I agree with your premise. And I concede that a rational person could look at all the data out there and come up with conclusions 180 degrees apart. Here's my point of view...first of all the 2% mandate was only "mandated" in 2012. The average rate over time has been 3.2% , and our economy has done pretty well during that "average" period.

Next Powell and fed governors have made careers out of the mantra that decisions are "data driven". OK, that makes sense. So far, the data is showing little inflation impact from tariffs, and FED actions are based on what the governors perceive as possible effects of tariffs in the future. That's far from being data driven.

Now, I look at the housing market. from econ 101 I remember "housing leads us into recession and housing leads us out of recessions". So look at housing market and it's not good. And that's a fact that's happening now, in no small way because of interest rates.

So the FED is making decisions on what might be instead of what is, and that doesn't make sense.


Interest rates do not need to be cut right now, maybe .25 to .50 bps.

That being said, the .50 point cut right before the election was totally unjustified. The lack of consistency makes the fed appear biased.

In the grand scheme of things, the FED has done a pretty horrible job. I'd like to see the market set rates. End the fed!
 
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yoshi121374

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Interest rates do not need to be cut right now, maybe .25 to .50 bps.

That being said, the .50 point cut right before the election was totally unjustified. The lack of consistency makes the fed appear biased.

In the grand scheme of things, the FED has done a pretty horrible job. I'd like to see the market set rates. End the fed!

Saying the Fed has done a horrible job is ridiculous. They navigated an unprecedented global shutdown and managed to get us back to sustainable levels.

Also, having the market set the rates is a terrible idea.

Glad I don't have Ole Fastball/Fatpiggy advising my company or my personal finances.
 
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TigerGrowls

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I have formally referred Jerome Powell to the DOJ for criminal investigation.

Chairman Powell knowingly misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious offense— especially from someone tasked with overseeing our monetary system and public trust.
 
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baltimorened

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I have formally referred Jerome Powell to the DOJ for criminal investigation.

Chairman Powell knowingly misled both Congress and executive branch officials about the true nature of a taxpayer-funded project. Lying under oath is a serious offense— especially from someone tasked with overseeing our monetary system and public trust.

yea, not sure that's a good idea. If we prosecuted everybody who lied to Congress or even who lied while in Congress, we'd need to import alligators to DC to create a DC alligator alcatraz
 
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Allornothing

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Dec 21, 2001
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yea, not sure that's a good idea. If we prosecuted everybody who lied to Congress or even who lied while in Congress, we'd need to import alligators to DC to create a DC alligator alcatraz
I disagree with you on this one. If that's the case why should anyone ever go into court, place their hand on the bible, take an oath, and tell the truth?

At last count there were 535 members of House/Senate out of 330/340 million citizens (rough number since no one knows how many illegals Joe let in here). Should these people not be held to a higher standard?

In my opinion, one of the reasons why this country is so screwed up is people were able to lie to the public without any consequences. I'm waiting on Adam Schitt to go on tv any moment and tell everyone he still has evidence of russian election interference.
 
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dpic73

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Jul 27, 2005
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I disagree with you on this one. If that's the case why should anyone ever go into court, place their hand on the bible, take an oath, and tell the truth?

At last count there were 535 members of House/Senate out of 330/340 million citizens (rough number since no one knows how many illegals Joe let in here). Should these people not be held to a higher standard?

In my opinion, one of the reasons why this country is so screwed up is people were able to lie to the public without any consequences. I'm waiting on Adam Schitt to go on tv any moment and tell everyone he still has evidence of russian election interference.
If I understand you correctly, you're concerned about politicians who lie? :unsure: 😄
 
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Remind me again... Who was it that put Powell in that spot? Pro tip... NOT Biden. That's right Trump picked him and as Trump has said, he ONLY picks the best people, right? Jesus, how many bad picks has this man made. As SOME POINT, maybe just maybe, someone should question the skills of the guy doing the picking.

Here's a nice set of quotes from Trump:



"There's a need for strong, sound and steady leadership at the Federal Reserve and Powell will provide exactly that type of leadership." Donald Trump 2017

"He's strong, he's committed, he's smart. I am confident that Jay has the wisdom and leadership to guide our economy through any challenges that our great economy may face". Donald Trump on selecting Powell for Reserve Chair.

“He’s a terrible Fed chair. I was surprised he was appointed.” Donald Trump.
 
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ANEW

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Remind me again... Who was it that put Powell in that spot? Pro tip... NOT Biden. That's right Trump picked him and as Trump has said, he ONLY picks the best people, right? Jesus, how many bad picks has this man made. As SOME POINT, maybe just maybe, someone should question the skills of the guy doing the picking.

Here's a nice set of quotes from Trump:



"There's a need for strong, sound and steady leadership at the Federal Reserve and Powell will provide exactly that type of leadership." Donald Trump 2017

"He's strong, he's committed, he's smart. I am confident that Jay has the wisdom and leadership to guide our economy through any challenges that our great economy may face". Donald Trump on selecting Powell for Reserve Chair.

“He’s a terrible Fed chair. I was surprised he was appointed.” Donald Trump.

Trump was new to politics and made a bunch of questionable personnel choices during 1.0. He realized that wth 2.0, loyalty/integrity is more importatnt by far than anthing else, he did a better job with vetting his picks this time.
 

dpic73

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Trump was new to politics and made a bunch of questionable personnel choices during 1.0. He realized that wth 2.0, loyalty/integrity is more importatnt by far than anthing else, he did a better job with vetting his picks this time.
"integrity" "he did a better job with vetting his picks this time"

Really?
 
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ANEW

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"integrity" "he did a better job with vetting his picks this time"

Really?
Integrity... as in not working at cross purposes to your boss or organizational goals. Resign if you must but if not, just pull on your oar in time with everyone else who is rowing the boat.

Current picks and administration movers and shakers are loyal and the admin is moving things forward n line with what Trump had campaigned on.

He made better picks.
 
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Aug 20, 2008
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Trump was new to politics and made a bunch of questionable personnel choices during 1.0. He realized that wth 2.0, loyalty/integrity is more importatnt by far than anthing else, he did a better job with vetting his picks this time.
LMAO at the integrity part...

Dictionary definition of integrity: the quality of being honest and having strong moral principles; moral uprightness.

To quote a famous movie... I don't think that word means what you think it means.

These guys lie just like Trump. Remember the Sec of Defense saying that there was no discussion group on those US Strikes and that the reporter was lying about the whole thing... right before the reporter provided the receipts. THAT'S integrity. Plus, a big point of my post was that Trump either didn't remember appointing Powell, or he lied and said that Biden appointed him... so yeah.
 

baltimorened

Active member
May 29, 2001
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I disagree with you on this one. If that's the case why should anyone ever go into court, place their hand on the bible, take an oath, and tell the truth?

At last count there were 535 members of House/Senate out of 330/340 million citizens (rough number since no one knows how many illegals Joe let in here). Should these people not be held to a higher standard?

In my opinion, one of the reasons why this country is so screwed up is people were able to lie to the public without any consequences. I'm waiting on Adam Schitt to go on tv any moment and tell everyone he still has evidence of russian election interference.
I didn't mean to imply we should convict those who lie. Might not have phrased my post well. Just din;t think it's a good idea, in this instance to push charges on Powell. I doubt seriously of he knows the intricacies of what's going on with remodeling the FED building. I may be wrong, but normally there's an operations person who deals with details.

We have no disagreement on holding our elected officials and those who testify to congress accountable
 

ANEW

Member
Jul 7, 2023
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I didn't mean to imply we should convict those who lie. Might not have phrased my post well. Just din;t think it's a good idea, in this instance to push charges on Powell. I doubt seriously of he knows the intricacies of what's going on with remodeling the FED building. I may be wrong, but normally there's an operations person who deals with details.

We have no disagreement on holding our elected officials and those who testify to congress accountable
"Spin" when your side does it. "Lies!" when the other side does it. That's called politics. I love the that this admin is working in unison, getting things done and at least trying to make good on campaign promises. And the stock market is rocking!
 

TigerGrowls

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Dec 21, 2001
35,585
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Interesting.



It’s almost the perfect setup.

How do you get rid of the Federal Reserve?

Trump has been bashing Jerome Powell and the FED for months because they won’t lower rates.
Members of his cabinet, including Treasury Secretary Bessent, have been treating Powell like a “piñata.”
Bessent yesterday requested a “review” of the entire FED to see whether or not they are helping or hurting the American people.

That’s not a coincidence.

The media is even questioning Powell now because inflation keeps dropping and he refuses to lower rates which would give relief to the American people in mortgages, auto loans and credit cards.
Plus it would massively cut interest payments on the government debt.

And now the SILVER price sits right below the $40 ceiling and has relative strength because it went up while gold went down pretty good today.

SILVER is decoupling from gold and that is a massive SIGNAL.

SILVER has probably been the most manipulated commodity for generations and it is being massively “shorted” by some really big banks.

It’s been a scam for a long time.
These big banks have kept shorting SILVER using paper contracts and there isn’t enough “real SILVER”to go around.
It’s a game of “musical chairs” and the music is getting ready to stop.

A “short squeeze” of monumental proportions is imminent.
These big banks are ALREADY in the hole by billions and desperately need the SILVER price to go down.

In the past.
A big bank like JPMorgan, which holds the most physical SILVER in the world, would just sell a ton of SILVER to beat down the SILVER price.

But that’s not happening.

Why?

Too many traders on the COMEX are demanding “delivery” of the physical SILVER rather than just get a paper shuffle in fiat dollars.

And the massive problem is there isn’t near enough “physical SILVER” to cover all the contracts.

Some big banks that “borrowed” the SILVER at a much lower price with the “promise” to give it back to the owner, are being FORCED to buy it back at much higher prices and they are ALREADY billions in the hole.
For every dollar it goes up, they lose billions more and they don’t have the “physical cash” to buy back the SILVER in the open market at $40 or higher when they were likely selling it “short” around $30 or lower.

I’m telling you, right now, behind the scenes, there is massive PANIC on both Wall Street and at the FED.

And there are still two more trading days in the week to go.

Trump has perfectly blamed the FED for keeping a damper on the economy and increasing the interest rates on the government debt so that they take the blame for any downturn in the economy.
But now the FED is about to be FORCED into the position of eating a whole bunch of this bad bank debt too, because the age of “too big to fail” for crooked banks by “taxpayer bailouts” is over!

For those coming late to the party, who haven’t been following me, here’s my post this morning and a link to my Substack article on why SILVER is the key to “trigger” removing the FED and transforming our entire financial system.

SILVER “triggered” the financial collapse in 2008 and this time, the world is in far more debt.
 

TigerGrowls

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Dec 21, 2001
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🚨 BREAKING: Trump Federal Housing Director Bill Pulte ACCUSES Jerome Powell of massive FRAUD and demands he resign immediately, following their tour of the $2.5B Fed renovations.


“I’ve spent my whole life in construction. The amount of waste, fraud, and abuse going on at Jay Powell’s ‘construction site’ is astounding - truly astounding.”


@Pulte says that Powell did many needless things like ripping down walls and building “unnecessary sh*t” with plywood.


“Jerome Powell’s construction site was the stupidest construction site I’ve ever seen. He must be out, immediately, as Fed Chair.”